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Unaudited Condensed Consolidated Statements of Earnings (Loss) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Net sales        
Net sales $ 1,260.3 $ 1,005.7 $ 2,358.7 $ 1,903.0
Costs and expenses        
Cost of sales 851.0 659.3 1,591.4 1,269.6
Operating expenses        
Selling, general and administrative expenses 271.7 226.3 521.8 491.1
Amortization of intangibles 31.9 32.2 63.7 64.6
Restructuring costs 1.1 2.4 3.1 1.3
Foreign currency (gain) loss, net 4.1 2.8 (2.8) 4.6
Asset impairment 0.0 12.3 0.0 12.3
Other operating expense (income) (1.7) (0.2) (0.5) 1.1
Operating profit (loss) 102.2 70.6 182.0 58.4
Interest expense, net 20.0 30.1 44.1 99.0
Loss on extinguishment of debt 0.0 0.0 0.4 174.0
Change in fair value of warrant liabilities 71.2 82.2 84.8 21.6
Income (loss) before income taxes 11.0 (41.7) 52.7 (236.2)
Income tax expense 1.3 14.3 11.3 28.1
Net income (loss) $ 9.7 $ (56.0) $ 41.4 $ (264.3)
Earnings (loss) per share:        
Basic (USD per share) $ 0.03 $ (0.17) $ 0.12 $ (0.93)
Diluted (USD per share) $ 0.03 $ (0.17) $ 0.12 $ (0.93)
Weighted-average shares outstanding:        
Basic (in shares) 352,199,184 328,411,705 350,908,612 284,534,285
Diluted (in shares) 356,652,811 328,411,705 354,883,869 284,534,285
Products        
Net sales        
Net sales $ 976.5 $ 750.2 $ 1,820.5 $ 1,397.4
Costs and expenses        
Cost of sales 686.2 515.3 1,279.6 978.5
Services        
Net sales        
Net sales 283.8 255.5 538.2 505.6
Costs and expenses        
Cost of sales $ 164.8 $ 144.0 $ 311.8 $ 291.1